Telangana Economy Stays Resilient, Says Gov.
16 March 2026 9:00 PM IST16 March 2026 9:00 PM IST
Per capita income has crossed the ₹4-lakh mark for the first time
Governor Shiv Pratap Shukla delivers his address to the Telangana legislature in Hyderabad, detailing the state government's economic achievements, rapid urban development plans, and future policy frameworks.
HYDERABAD: Governor Shiv Pratap Shukla on Monday lauded Telangana's strong economic performance in his maiden joint address to the state Legislature, marking the commencement of the Budget session. Delivering a 30-page address in English, Hindi and Telugu, the Governor highlighted the government's welfare initiatives, development programmes and the state's economic progress, stating that Telangana's economy remains "strong and resilient."
The Governor said the state's GSDP for 2025-26 was estimated at ₹17.82 lakh crore, registering a growth rate of 10.7 per cent and contributing 4.99 per cent to India's GDP. Telangana's per capita income has crossed the ₹4-lakh mark for the first time, reaching ₹4,18,931, while inflation in the state has been contained at 0.2 per cent. Referring to the state's long-term development roadmap, Shukla said the government had unveiled the 'Telangana Rising Vision 2047' document, which aligns with the Centre's Viksit Bharat 2047 Vision. Prepared in consultation with Niti Aayog and Hyderabad-based institutions such as Indian School of Business and NALSAR University of Law, the vision aims to transform Telangana into a $3-trillion economy by 2047, with an interim target of $1
trillion by 2034. The Governor said the government has adopted a polycentric development model through the CURE-PURE-RARE framework to ensure balanced growth across regions rather than concentrating development around Hyderabad alone. Under
the strategy, the Core Urban Region Economy (CURE) will evolve into a net-zero knowledge hub, the Peri-Urban Region Economy (PURE) will become a manufacturing and logistics engine, and the Rural Agri Region Economy (RARE) will focus on climate-smart agriculture, eco-tourism, and food processing.
Highlighting investment promotion efforts, the Governor said the recently held Telangana Rising Global Summit in Hyderabad secured investment commitments worth ₹5.75 lakh crore from global companies. He also cited the inauguration of the Safran-CFM International aero-engine Maintenance, Repair and Overhaul facility in Hyderabad, the first and largest of its kind in India.
The Governor noted that the services sector remains the dominant pillar of the state economy, contributing 68.6 per cent to the Gross Value Added (GVA) and growing at 13.5 per cent. Hyderabad continues to consolidate its position as a global technology hub, hosting nearly 20 per cent of India's Global Capability Centres. Telangana's IT exports have reached `3.13 lakh crore, supporting more than
9.39 lakh jobs, while the state has launched the Telangana Tourism Policy 2025-2030, aiming to attract `15,000 crore in investment and generate three lakh jobs. The life sciences sector has also witnessed rapid growth, attracting investments worth `73,360 crore and creating more than one lakh direct jobs.
The Governor said agriculture remains central to the state's economy, with the government allocating ₹26,684 crore to the sector in 2025-26. Foodgrain production has reached a record 236.87 lakh metric tonnes, while livestock and fisheries together contribute `1.11 lakh crore to the state economy.
Shukla said the government's coordinated efforts across agriculture, industry and services sectors have ensured sustained economic growth and strengthened Telangana's position as a leading destination for investment and innovation.
trillion by 2034. The Governor said the government has adopted a polycentric development model through the CURE-PURE-RARE framework to ensure balanced growth across regions rather than concentrating development around Hyderabad alone. Under
the strategy, the Core Urban Region Economy (CURE) will evolve into a net-zero knowledge hub, the Peri-Urban Region Economy (PURE) will become a manufacturing and logistics engine, and the Rural Agri Region Economy (RARE) will focus on climate-smart agriculture, eco-tourism, and food processing.
Highlighting investment promotion efforts, the Governor said the recently held Telangana Rising Global Summit in Hyderabad secured investment commitments worth ₹5.75 lakh crore from global companies. He also cited the inauguration of the Safran-CFM International aero-engine Maintenance, Repair and Overhaul facility in Hyderabad, the first and largest of its kind in India.
The Governor noted that the services sector remains the dominant pillar of the state economy, contributing 68.6 per cent to the Gross Value Added (GVA) and growing at 13.5 per cent. Hyderabad continues to consolidate its position as a global technology hub, hosting nearly 20 per cent of India's Global Capability Centres. Telangana's IT exports have reached `3.13 lakh crore, supporting more than
9.39 lakh jobs, while the state has launched the Telangana Tourism Policy 2025-2030, aiming to attract `15,000 crore in investment and generate three lakh jobs. The life sciences sector has also witnessed rapid growth, attracting investments worth `73,360 crore and creating more than one lakh direct jobs.
The Governor said agriculture remains central to the state's economy, with the government allocating ₹26,684 crore to the sector in 2025-26. Foodgrain production has reached a record 236.87 lakh metric tonnes, while livestock and fisheries together contribute `1.11 lakh crore to the state economy.
Shukla said the government's coordinated efforts across agriculture, industry and services sectors have ensured sustained economic growth and strengthened Telangana's position as a leading destination for investment and innovation.
( Source : Deccan Chronicle )
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